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Renovus Capital Partners Invests in Red Nucleus, the Premier Provider of Learning Solutions for the
Life Sciences Industry
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October 28, 2016  Wynnewood, PA  Renovus Capital Partners (“Renovus”, or the “Fund”) announced an investment in Red Nucleus Solutions LLC. (“Red Nucleus” or the “Company”). Renovus is a private equity firm based outside of Philadelphia, PA, focused on businesses in the education, training, and human capital industries. This is the second investment coming out of the newly launched Fund II. Red Nucleus is a life sciences learning solutions company headquartered in Yardley, PA. As part of the transaction, Renovus acquired a stake in the business, with the founders retaining a significant interest in the Company.

Ian Kelly and Andrew Howe founded Red Nucleus in 2007, a leading full-service design and development provider of learning solutions for the life sciences industry. Through the Company’s best-in-class team, technologies and resources, Red Nucleus designs and produces a suite of learning elements which include, e-learning modules, mobile applications, virtual preceptorships, print modules and job aids, workshop design and facilitation, video production, and games that provide their customers with enhanced capabilities, increased responsiveness, and a comprehensive selection of targeted solutions.

Brad Whitman, Founding Partner of Renovus Capital, commented, “With treatments becoming increasingly specialized, there is a growing need to train life sciences sales representatives on the efficacy and medical impact of new therapies. Ian and Andy have built the leading company in this market, and we think there is a real opportunity with our capital to grow the business internationally and through acquisitions.”

Ian Kelly, Red Nucleus President concluded, “We couldn’t be more excited about the opportunities that this investment will afford our team members, clients, and the larger life sciences learning community. This partnership will enable us to expand our ability to bring best in class learning solutions to a broader, global market—something we’ve always dreamt about doing.”

DLA Piper advised Renovus while Berkery Noyes advised Red Nucleus on the transaction.

About Renovus Capital Partners
 
Founded in January 2010, Renovus Capital Partners is an education-focused private equity fund based outside of Philadelphia with $485 million in assets under management across two funds. Renovus invests in small and mid-sized businesses within the education, training and human capital sectors, including both educational institutions and companies that provide these institutions with technology, content and services as well as corporate training, consulting and outsourcing businesses. The Fund is particularly interested in growth-oriented businesses, and the Renovus team actively partners with management to build its portfolio companies through acquisitions, new strategic initiatives and operational improvements. The Renovus team has a combined 50+ years of experience investing in the education and training sectors and the founding partners have been working together since 2005. Renovus is a licensed SBIC.
 
Brad Whitman
Brad.whitman@renovuscapital.com
646.660.4040

 
Atif Gilani
Atif.gilani@renovuscapital.com
917.340.2173

 
Jesse Serventi
Jesse.serventi@renovuscapital.com
484.416.0856

 
Fred Hill
Fred.hill@renovuscapital.com
973.493.0868

 
Bill Landman
William.landman@renovuscapital.com
610.896.3000
 
Grayson Harcourt
Grayson.harcourt@renovuscapital.com
512.853.0062

 
Mohammed Tufail
Moe.tufail@renovuscapital.com
201.450.8168
Renovus Capital Partners Portfolio

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EMS is a medical simulation solutions provider to medical and nursing schools and hospitals. The Company designs, installs, and supports the technology platform that records and manages the activities occurring within medical simulation centers.

Hillsboro Aero Academy is a provider of ab initio pilot training to domestic and international students.  The Company offers a variety of training programs for both fixed wing and helicopter pilots and has approximately 450 students across its three campuses. 

Image Process Design provides enterprise content management solutions to healthcare, insurance and financial companies, under its Ultera brand. IPD intends to accelerate growth through additional investments in R&D, sales and marketing, as well as by partnering with Prime Technology Group, a Renovus portfolio company.

Linkage offers a variety of leadership training programs for senior and high potential executives of large companies, covering such areas as organizational development, innovation, team assessment and women in leadership.

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Stratus Prep is a provider of admissions counseling and test prep services to students applying to professional, graduate and undergraduate schools.  The Company delivers these services through a network of counselors who are all graduates of top business schools, many of whom have prior experience working in admissions departments at elite institutions. 

Telemedia, Inc is a provider of technical training content and programs for large industrial companies around the world.  Delivered both online and in-person, these programs train industrial workers to maintain and operate complex machinery, observe proper safety precautions and comply with government regulations.  

Versifit Technologiesis a leading provider of end-to-end data warehousing and analytic reporting solutions to school districts throughout the United States.  Versifit is a subsidiary of Atomic Learning.
 
Copyright © 2016 Renovus Capital Partners, All rights reserved.


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